Do CEOs matter? Divergent impact of CEO power on digital and non-digital innovation

IF 8.7 2区管理学 Q1 COMPUTER SCIENCE, INFORMATION SYSTEMS Journal of Strategic Information Systems Pub Date : 2024-11-15 DOI:10.1016/j.jsis.2024.101875

Inmyung Choi , Min-Seok Pang

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Abstract

Digital innovation is ubiquitous across a wide range of industries, blurring the boundary between traditional and technology industries. An increasing number of firms in traditional industries such as manufacturing, retail, or service now regard themselves as technology companies. In this study, drawing on corporate governance literature, we develop a theoretical framework for the relationship between CEO power and digital innovation. We posit that a more powerful CEO more effectively directs risky digital innovation, leads change management, and resolves conflicts within a firm’s digital and business sides. We find that a more powerful CEO can drive digital innovation to a greater extent. Interestingly, this relationship is weakened by a board of directors’ external social capital but strengthened by the board’s internal social capital. Surprisingly, CEO power is negatively associated with the firm’s non-digital innovation. Our research significantly contributes to the literature on strategic information systems (SIS) on multiple fronts and offers meaningful managerial insights for organizations aiming to innovate using digital technologies.

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首席执行官重要吗？CEO 权力对数字创新和非数字创新的不同影响

数字创新在各行各业无处不在，模糊了传统行业与技术行业之间的界限。越来越多的制造业、零售业或服务业等传统行业的公司现在将自己视为科技公司。在本研究中，我们借鉴公司治理文献，为首席执行官权力与数字创新之间的关系建立了一个理论框架。我们认为，一个更有权力的首席执行官能更有效地指导有风险的数字化创新，领导变革管理，并解决公司数字化和业务方面的冲突。我们发现，更有权力的首席执行官能在更大程度上推动数字创新。有趣的是，董事会的外部社会资本削弱了这种关系，而董事会的内部社会资本则加强了这种关系。令人惊讶的是，首席执行官的权力与企业的非数字化创新呈负相关。我们的研究在多个方面为战略信息系统（SIS）方面的文献做出了重要贡献，并为旨在利用数字技术进行创新的组织提供了有意义的管理见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Strategic Information Systems 工程技术-计算机：信息系统

CiteScore

17.40

自引率

4.30%

发文量

审稿时长

>12 weeks

期刊介绍： The Journal of Strategic Information Systems focuses on the strategic management, business and organizational issues associated with the introduction and utilization of information systems, and considers these issues in a global context. The emphasis is on the incorporation of IT into organizations'' strategic thinking, strategy alignment, organizational arrangements and management of change issues.